Hi Everyone Currently we are making an correction structure of 123 X 123, so i am expecting an bearish side. Thank You
Welcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been...
Gold is stalling out on the daily. MACD has oscillated bearishly, and daily and weekly RSI are near "overbought" levels. There is a massive weekly MA convergence structure around low HKEX:1 ,800 range. I want to see a test of this zone and gold RSI <30 before I consider loading up on miners.
XAUUSD Technical Analysis 25.07.2022 1h chart ✅ Previous Weekly candle closed Bullish at 1728 forming Support at 1707.400, the last 2 trading days of the last week have had a huge pullback as the price tapped 1680 the previous Daily Support formed on the 8th and 31st of March 2021 grabbing Liquidity on the higher timeframe. ✅ Buys on a close above 1734.700...
In this technical analysis I will build upon my successful previous idea where we used a head and shoulders chart pattern to identify a likely short position. Now we are about halfway that trade, we reached a more difficult position on gold. First, you can review the previous idea here: Let's walk through the most important points on the gold chart at the...
I was bullish on gold for last four weeks to enter better level for short . We have found a lot of good hands to hold the 50$ drop that happened at the 1st week of March. After a month, conditions are changed. Those good hands are not strong enough to hold this Fat bear PaPPa. PaPPA required a good amount of food to feed his entire kingdom. A very rare...